Novellus CEO: Chip Equip Market May Have Reached A Bottom
22 Aprile 2009 - 11:31PM
Dow Jones News
Novellus Systems Inc. (NVLS) Chief Executive Richard Hill said
the chip equipment market may have reached a bottom and provided
second-quarter guidance above Wall Street estimates.
Novellus expects to post a second-quarter non-GAAP per share
loss of 35 cents to 45 cents on revenue of $110 million to $125
million. Analysts, on average, were expecting a loss of 45 cents a
share on revenue of $104.8 million, according to Thomson
Reuters.
Novellus shares rose 5% to $18.12 after hours on the outlook,
along with optimistic comments from Hill.
"Electronics and semiconductor markets have stabilized in the
last six weeks," Hill said in a conference call to investors.
-By Jerry A. DiColo; Dow Jones Newswires; 201-938-5670;
jerry.dicolo@dowjones.com